Crypto Market Movers: SOMI, C, DGB Surging in the Last 6 Hours
Somnia (SOMI) +15.2%
Somnia (SOMI) has recently shown impressive trading performance, with a notable 13.5% price increase over the past 24 hours. This surge is likely driven by rising open interest in BTC futures, indicating growing bullish sentiment among traders.
#SOMI is a token associated with the Somnia ecosystem, which aims to innovate within blockchain security and compliance sectors. The project has attracted attention due to its integration with emerging crypto security protocols and increasing retail investor interest.
Given the current momentum and rising open interest, SOMI’s price could continue its upward trajectory in the short term. However, traders should watch for any reversal signals as market sentiment can shift quickly.
C Token (C) +9.7%
The C token has experienced a dramatic price surge of 150%, climbing from $0.14 to $0.35 recently. Institutional interest from entities like Harvard Management Company and Grayscale appears to be a key driver behind this rapid appreciation.
#C token supports network operations and governance and was launched in 2021. Its recent partnership with Stargate Finance to enable cross-chain transfers between Base and Binance Smart Chain has optimized bridge fees by 15-20%, enhancing its utility and attractiveness.
This strong institutional backing combined with improved network functionality suggests that C token may sustain its bullish momentum. Nonetheless, such sharp gains often invite profit-taking, so some price consolidation could occur before further rises.
DigiByte (DGB) +8.83%
DigiByte (DGB) surged 36.8% intraday after being identified as a “Made in USA” breakout candidate by Yahoo Finance. The token also broke a 10-month descending wedge pattern, signaling potential technical strength.
#DGB is a long-standing blockchain project focused on security, speed, and decentralization. Analysts have noted a possible golden cross formation (20EMA crossing above 50EMA), which is typically bullish, with a near-term target around $0.010.
Given these technical indicators and positive analyst sentiment, DGB’s price is likely to continue rising in the near term. However, traders should monitor volume levels to confirm sustained buying pressure.
